In 2015 we witness a rare geopolitcal power shift - and in the face of every
kind of new external challenge the leaders of the EU and the USA have never
looked weaker or more bemused

As we enter this new year, what is the most
significant feature of how the world is changing that went almost
unnoticed in the year just ended? Two events last autumn might have
given us a clue.

One was the very peculiar nature of that state visit in October, when the president of China was taken in a golden coach
to stay at Buckingham Palace, down a Mall lined with hundreds of
placard-waving pro‑China stooges, while the only people manhandled away
by Chinese security guards were a few protesters against China’s
treatment of Tibet and abuses of human rights.

Led by David Cameron, our politicians could not have fawned more humiliatingly
on the leader of a country whose economy, before its recent wobbles,
was predicted by the IMF to overtake that of the US as the largest in
the world in 2016. While Britain once led the world in steel‑making and
the civil use of nuclear power, the visit coincided with the crumbling
of the remains of our steel industry before a flood of cheap Chinese
steel, as our politicians pleaded for China’s help in building, to an
obsolete design, the most costly nuclear power station in the world.

Queen
Elizabeth II and President of The PeopleÕs Republic of China, Mr Xi
Jinping, ride in the Diamond Jubilee State Coach along The Mall Photo: PA

Three weeks later came the rather less prominent visit of Narendra Modi,
prime minister of India, whose even faster-growing economy is predicted
by financial analysts to become bigger than Britain’s within three
years, and to overtake China’s as the world’s largest in the second half
of the century.

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